Morning Call For Tuesday, Dec. 11

Overnight Markets And News

Dec E-mini S&Ps (ESZ18 +0.96%) this morning are up +0.66% on signs that U.S. and China trade talks are continuing despite the diplomatic rift over the arrest of a senior Chinese businesswoman. According to a statement from China's Ministry of Commerce, China's Vice Premier Liu He, U.S. Treasury Secretary Mnuchin and trade representative Lighthizer spoke by phone this morning on the timetable and road map of future trade talks. U.S. automakers are set to move higher today on a report that China is moving toward cutting tariffs on cars made in the U.S. to 15% from the current 40%. European stocks are up +1,64% after German Dec ZEW investor confidence unexpectedly improved and as GBP/USD recovered from Monday's 1-1/2 year low and is up +0.41% as UK Prime Minister May is set to tour European capitals in an attempt to secure concessions on a Brexit deal she can sell to the UK Parliament. Asian stocks settled mixed: Japan -0.34%, Hong Kong +0.07%, China +0.37%, Taiwan +0.62%, Australia +0.42%, Singapore -0.43%,South Korea -0.25%, India +0.54%. China’s Shanghai Composite closed higher on signs of stronger credit growth in China last month and Japan's Nikkei Stock Index tumbled to a 1-1/2 month low after Japan Nov machine tool orders fell by the most in 2-1/4 years.

The dollar index (DXY00 -0.33%) is down -0.30%. EUR/USD (^EURUSD +0.34%) is up +0.33%. USD/JPY (^USDJPY-0.16%) is down -0.15%.

Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs. He earned a BS in Accounting and Business Administration ...
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended post-baccalaureate and graduate courses in Business Administration, Quantitative Math, and Education at Florida Atlantic University, Georgia State University and University of North Carolina at Charlotte.

In the past he has been an accountant, attorney, adjunct professor in Business Law, Accounting and Internal Auditing, financial advisor, supervisory principal, and compliance officer. He is presently also a contributor on MSN Top Stocks Blog, Motley Fool and is a member of the M100 on Marketocracy, an elite honor chosen by the editors of Marketocracy as being in the top 100 portfolio managers of over 100,000 portfolios they review. He would enjoy hearing your comments at JimVanMeerten@gmail.com.